Thread by @malteseinvest

Analysis: #NYSE $XRX

Case 40 #Xerox Corp - Revisited

First 6 pages reproduced from Nov 7 (Case 40), 1 page updated

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#XRX 1/7

Still far off the 2007 high at 53.17 and even further from the 1995 high at 63.94. For the last 10 years Xerox has been trading in a $22 range the short and medium term remain neutral but the long term is slightly #bullish.

XRX 2/7

Chart 1
Monthly Chart: The 1995 trendline #pivot has been pierced but this is not a sign to go long. A monthly close above would add further bullishness. The #resistances and supports have been presented.

XRX 3/7

Chart 2
Weekly Chart: An unfilled gap from 2012. A double top on the weekly chart - seems to be in progress, but further confirmation is required. On the monthly it's like a quadruple top.

XRX 4/7

Chart 3
Daily Chart: The #SMA 100 and SMA 50 remain supportive and the two unfilled gaps.

XRX 5/7

Chart 4
Monthly Chart: This stock is not a favourite of mine, especially due to the 10 year range.

The Strategy (as presented on November 7) shown on the image.

XRX 6/7

Chart 5

Daily Chart - Revisited.

Price continues to grind higher towards resistances at the monthly #Fib 0.618 (40.95) and weekly 1.272 (42.38). Expecting minor selling pressure at those levels.

The updated #Strategy is printed on the Chart.

$XRX 7/7